CoinDesk Analysis Team
CoinDesk
Titan believes the three cryptos will outperform others as they become more widely adopted.
Titan has added ALGO, LINK and UNI to the actively managed crypto portfolio it launched in August following its Series B raise led by Andreessen Horowitz, the company said Tuesday.
-
The fintech app said the additions would give it exposure to oracles (via LINK), decentralized finance (via UNI) and smart-contract base layers (via ALGO), categories the company believes will outperform the benchmark as adoption continues to grow.
-
“These new cryptos represent what Titan believes to be great long-term compounders in line with Titan’s time-tested investment philosophy,” Gritt Trakulhoon, crypto investment analyst at Titan, told CoinDesk via email.
-
Titan initially said its Titan Crypto portfolio would have a collection of five to 10 cryptocurrencies, including BTC, ETH, ADA and XLM. On Tuesday, the company said that along with the additions, it would be trimming the fund’s positions in BTC, ETH and ADA, and fully exiting its position in XLM.
-
Titan manages approximately $500 million for over 30,000 clients. It set up Titan Crypto to make it easier for customers to invest in crypto.
-
Its investment team will make monthly adjustments to the allocations and coins contained in the crypto portfolio based on performance, the company said.
All writers’ opinions are their own and do not constitute financial advice in any way whatsoever. Nothing published by CoinDesk constitutes an investment recommendation, nor should any data or Content published by CoinDesk be relied upon for any investment activities. CoinDesk strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Recommended Content
Editors’ Picks
Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and Etherfi
Dogwifhat perpetual futures began trading on Coinbase International Exchange and Coinbase Advanced on Thursday. However, the futures contract failed to trigger a rally for the popular meme coin.
Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high
Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.
Ethereum cancels rally expectations as Consensys sues SEC over ETH security status
Ethereum (ETH) appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the Securities & Exchange Commission (SEC) and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
FBI cautions against non-KYC Bitcoin and crypto money transmitting services as SEC goes after MetaMask
US Federal Bureau of Investigations (FBI) has issued a caution to Bitcoiners and cryptocurrency market enthusiasts, coming on the same day as when the US Securities and Exchange Commission (SEC) is on the receiving end of a lawsuit, with a new player adding to the list of parties calling for the regulator to restrain its hand.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?